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Price and trend forecast of SALASAR for Tomorrow, Weekly, Monthly

Salasar Techno Engineering Limited

Symbol: NSE:SALASAR

ISIN: INE170V01027

21.00

As on 2024-04-24

18.75 (52W Low) 139.95 (52W High)

SALASAR's Today's Performance

Salasar Techno Engineering Limited started the day by opening at 21.25 today 2024-04-24. Its shares reached a high of 21.25 and dipped to a low of 20.95 in intraday. When the markets closed, SALASAR’s stock price settled at ₹21.00 per share. Also check out its key support and resistance levels.

SALASAR Buy/Sell Targets

Tomorrow, sell SALASAR when its price reaches ₹ 21.00 with a stop-loss order at ₹ 21.18. You can set the target price as ₹ 20.83 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of SALASAR for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for SALASAR

Downside Targets Value in ₹
Tomorrow Down Target 1 21
Tomorrow Down Target 2 21
Tomorrow Down Target 3 21

Important Levels for SALASAR

Holding Levels Value in ₹
Tomorrow Up Target 1 21
Tomorrow Up Target 2 21
Tomorrow Up Target 3 21
Based on where the stock opens tomorrow, if SALASAR opens on a positive note, our first target will be ₹21. If Target 1 is achieved, we will aim for Target 2 which is ₹21.

But if SALASAR falls below the average value of ₹21.07, you can enter a sell side position with target number 1 - ₹21 and second target - ₹21 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of SALASAR

Looking at SALASAR, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, SALASAR has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SALASAR is moderate bearish.

Tomorrow's Volume based share price Forecast for SALASAR

SALASAR's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 70%.

Reversal detection for SALASAR

Predicted trend chart of SALASAR tomorrow for price forecast
SALASAR may trend may continue to be bearish since stock is making lower low and we can get target of ₹21 in morning tomorrow
Target 1 tomorrow21
Target 2 tomorrow21
Target 3 tomorrow21
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with SALASAR's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if SALASAR opens on a positive note, our first target will be ₹21.18. If Target 1 is achieved, we will aim for Target 2 which is ₹21.37.

But if SALASAR falls below the average value of ₹21.07, you can enter a sell side position with target number 1 - ₹20.88 and second target - ₹20.77

SALASAR's Weekly Targets
1st Up Target 21.25
2nd Up Target 21.50
1st Down Target 20.85
2nd Down Target 20.70

As the week for SALASAR ended on bearish sentiments, we can expect further continuation of this sentiment. SALASAR's initial target will be 21.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 20.85 in the upcoming week.

Weekly OHLC Values
Open 21.15
High 21.35
Low 20.95
Close 21.00

Week for SALASAR started with an open price of 21.15, and the close was at 21.00. SALASAR reached the highest of 21.35 and dipped lowest up to 20.95 last week. This indicates a bearish sentiment for the week.

SALASAR full month swing targets
Monthly Up Target 1 21.65
Monthly Up Target 2 21.90
Monthly Down Target 1 20.45
Monthly Down Target 2 19.90

Targets of ₹21.65 can be expected to be reached in the coming month. Once SALASAR achieved this target, we can aim for the next upside target of ₹21.90.

SALASAR if fails to hold upside, down targets of ₹20.45 and ₹19.90 can be achieved by end of this month.

For complete three weeks if SALASAR is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

SALASAR is expected to reach the target of 21.18 in tomorrow's trading session.

After achieving the initial target in SALASAR, we will aim for higher targets of 21.37 tomorrow.

However, if SALASAR starts to trade below ₹21.07, then we will shift our focus to the sell side and aim for down targets of 20.88 and 20.77.